Rex has a manufacturing business. He orders a years supply of raw material at one time from a supplier in order to get a significant discount. The supplier agrees to deliver the supplies one time each quarter and allows Rex to remit payment for the supplies in quarterly installments. The contract between Rex and the supplier provides that the supplier is to deliver the supplies by the last day of each calendar quarter. However, rather than deliver the second quarters supplies on June 30, the supplier delivered them on July 1. The late delivery did not affect Rexs business. Which of the following is true?

Group of answer choices

Although the suppliers performance varied from what was required in the contract, Rex must accept and pay for the supplies because the variance was slight, and he received the benefit of his bargain.

Because the supplier breached the contract by not delivering on time, Rex does not have to accept or pay for the supplies.